That knocked the cobwebs out of my brain. I did the 0% finance thing once. On a TV. Seemed like a truly good deal, low price, no interest, time to pay it off. What the mouse print lays out though is a bit different than the banner over the door says.
IF YOU PAY ON TIME, you will not be charged interest. Miss a payment and you will be smacked with 19% interest on the whole purchase, retroactive to the purchase date and all payments made will be recalculated for interest owed. You need to make the payments each and every month until the term is done. I read the fine print on the stupid contract and sent the folks full payment a week after I got the TV. clay On 31 Jul 2008, at 06:41, [EMAIL PROTECTED] wrote: > What amazes my immature business mind is the 0% financing extended > by Home Depot, several appliance and TV resellers. This after I > have negotiated what I believe is the last dollar out of the deal. > Why would I not take it? > I spent about $10k last year at Home Depot, got itchy and paid it > off with 1 payments in 10 months. I love that kind of cash flow! > Cars are a different marketing model. You will pay more for the > "Package" if you want the dealer or manufacturer to underwrite the > note. > > YMMV, > > Pete > > > -------------- Original message ---------------------- > From: John Robbins <[EMAIL PROTECTED]> >> Redghost wrote: >>> WHY IN GOD'S GOOD NAME are you even considering a 72 month finance? >> >> 0% interest... Their might be a higher purchase price, but you might >> also make more money investing the money now. Hence the question. >> >> John >> >> >> _______________________________________ >> http://www.okiebenz.com >> For new parts see official list sponsor: http://www.buymbparts.com/ >> For used parts email [EMAIL PROTECTED] >> >> To Unsubscribe or change delivery options go to: >> http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
